USDCAD MAJOR SUPPORT BREAKED
USDCAD SELL ALERT
USDCAD has broken a major support level! A strong sell opportunity is forming.
Entry Level: 1.43050 (Confirmed breakdown of support)
Resistance Level: 1.47902 (Key level to watch)
Target 1: 1.41380 (First profit-taking level)
Target 2: 1.39860 (Deeper downside potential)
Indicator Confirmation: EMA50 on the 4H time frame signals a strong bearish trend.
Why Sell?
1️⃣Major support has been broken, indicating further downside.
2️⃣Price action confirms sellers’ dominance.
3️⃣EMA50 aligns with the bearish move.
⚠ Risk Management:
Use a stop-loss above the resistance to manage risk.
Position size according to your risk appetite.
Trade with caution & follow your strategy!
USDCAD has broken a major support level! A strong sell opportunity is forming.
Entry Level: 1.43050 (Confirmed breakdown of support)
Resistance Level: 1.47902 (Key level to watch)
Target 1: 1.41380 (First profit-taking level)
Target 2: 1.39860 (Deeper downside potential)
Indicator Confirmation: EMA50 on the 4H time frame signals a strong bearish trend.
Why Sell?
1️⃣Major support has been broken, indicating further downside.
2️⃣Price action confirms sellers’ dominance.
3️⃣EMA50 aligns with the bearish move.
⚠ Risk Management:
Use a stop-loss above the resistance to manage risk.
Position size according to your risk appetite.
Trade with caution & follow your strategy!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.